Section B : Application Zone, Scheme and Flat Type * indicates a required field * Application Zone * Scheme * Flat Type. The Joint Singles Scheme allows two to four single citizens to jointly buy an HDB flat from the open market. Applying for HDB Loans in Singapore – The Ultimate Guide to How Much It Will Cost You, HDB Loan vs Bank Loan – Which Is Better? Joint Singles Scheme or Orphans Scheme. Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences! Under the Enhanced CPF Housing Grant, you can get up to $80,000 as long as your combined income isn’t more than $9,000 a month. Otherwise, the EHG will be pro-rated. As for the income ceiling, your joint average gross monthly household income must not exceed $14,000. The income documents you are required to bring for your flat booking appointment depend on your nature of employment. When you attend the flat booking appointment, please remember to bring the necessary income documents (see below) for the 12 months prior to your flat application. They have been working continuously for the past 12 months and draw an average gross monthly household income of $3,000. You must apply jointly as co-applicants. The Single Singapore Citizen Scheme is meant for individual applicants, while the Joint Singles Scheme is for joint ownership for up to 4 singles, with a minimum of 2. Purchase Price of a 99-year lease 2-room Flexi flat (A), Monthly loan instalment over 25 years repayment period, Monthly loan instalment paid with CPF contribution. Ms A and Ms B are first-timers aged above 35. Joint Singles Scheme If you are buying a resale flat with co-applicants, under the Joint Singles Scheme , you might be eligible for up to $90,000 worth of grants. It’s your 35th birthday, which means you can now apply for your own flat. They may buy only new two-room flexi flats in non-mature estates on a full 99-year lease. At least one of your deceased parents was Singapore Citizen (SC) or Singapore Permanent Resident (SPR). You must apply jointly as co-applicants. Singles Grant: $30,000 2-room Flexi flats have an area of either 36 or 45 sqm (depending on type 1 or 2), and comes with just 1 bedroom, 1 bathroom, a kitchen and a storeroom or apartment shelter. HDB BTO August 2020 launch in mature estates – Geylang, Bishan, Pasir Ris, Ang Mo Kio and Tampines, HDB BTO August 2020 launches in non-mature estates — Tengah, Choa Chu Kang and Woodlands, Ascendas REIT & iTrust (A17U, CY6U) Guide: Share Prices, Dividends and Market News. These criteria that apply to both the Singles Singapore Citizen & Joint Singles Scheme. There’s the singles grant – an extra grant for resale flat purchases – which offers a generous $25,000 (4-room and under) or $20,000 (5-room) subsidy, with a reasonable income ceiling of $7,000 for singles and $14,000 for joint singles. However, for BTO, singles can only buy 2-room Flexi units at non-mature estates. Ms A and Ms B will receive $27,500 each in grants (EHG). Both of you must be Singapore Citizens and at least 35 years of age at the time of application. You can also apply as joint singles. Additionally, HDB does not set a quota on the number of rental flats for JSS tenants. Under the Singles Singapore Citizen & Joint Singles Scheme, singles can purchase either new or resale flats. It is not an approval from HDB to apply for an HDB flat or to take up an HDB housing loan. You must not own or have disposed of any of the following properties in the past 30 months: Private residential property (including privatised HUDC flats and ECs), house, building and/or land. Joint Singles Scheme: Non-Citizen Spouse Scheme: Non-Citizen Spouse Scheme: Non-Citizen Family Scheme: Orphans Scheme: The results obtained from this e-Service provide an indication of your eligibility. HDB encourages these tenants to look for someone they know, such as a relative or friend. APPLICATION CONDITIONS AND PROCEDURES 1.1 Submission of Application Form 1.2 Points to note for First-timer applicants 1.3 Documents to Submit 1.4 Correspondence Address of Applicants 2. Since it can take up to 3 or even 5 years before you get your keys, and then there’s the Minimum Occupation Period of 5 years, that’s at least 8 to 10 years you’ll both need to stay in that 2-room shoebox of an apartment. Some content may be compensated through third-party advertisers. You and the other flat applicants must not: A new 2-room Flexi flat in a non-mature estate under the Joint Singles Scheme, A flat (regardless of flat type) under the Orphans Scheme, Have worked continuously for 12 months prior to the flat application, Still be working at the time you submitted the flat application. Mr M has been working continuously since September 2018, and his average gross monthly income for the 12 months worked from September 2018 to August 2019 was $2,300. Joint Singles Scheme; All co-applicants (up to three) have to be first timers and single. All applicants have no previous housing subsidies, All applicants have been working continuously for the past 12 months, and were still working at the time of flat application. Then, you can actually apply to buy a flat as soon as you turn 21. There are currently 2 schemes single Singaporeans can apply under and two types of HDB flats they’re eligible for. The incomes of all working persons in the household (i.e. OR if you’re buying an HDB Resale flat (no restrictions on flat type) with a sibling who is … With the Joint Singles Scheme, two to four single Singapore citizens (SC) can jointly purchase a new two-room Flexi flat in a non-mature estate or a resale HDB flat. That’s right, the government is finally giving you the ultimate consolation prize for turning 35 without a happily ever after. Here’s what you need to know about getting a flat as a single person. The AHG and/or SHG amount is based on the average gross monthly household income assessed over the months worked during the assessment period, i.e. Let’s see if you qualify to apply: If you want a new HDB flat, the first hoop to jump through is the income ceiling — you must not make more than $7,000 (up to 99-years lease) or $14,000 (up to 45-year lease). Property Ownership. (Read also: 8 Things to Know About the Enhanced CPF Grant) Applying with Siblings / … If you are single, you may apply with another single person under the Joint Singles Scheme. Joint Singles Scheme: Singaporean singles who want to jointly buy an HDB resale flat together (have to be 35 years old or above if you're unmarried/divorced, or 21 years or above if you're widowed or an orphan) Non-Citizen Spouse Scheme: If you're buying a resale flat with your spouse who is either on a Long Term Visit Pass or Work Pass Of course, that doesn’t mean you should manipulate your income too much before applying for a flat – remember that TDSR requirements are designed to ensure you only buy property you can afford. We develop public housing to provide Singaporeans with affordable, quality homes, and a better living environment. Under this scheme, you can rent 1-room or 2-room HDB flats in certain neighborhoods, namely Ang Mo Kio, Bedok/ Tampines, Bukit Merah/ Jurong, and Woodlands. At first glance, this may seem far-fetched, but cupid’s arrow really may affect your decision to buy a BTO flat. Under the Singles Singapore Citizen & Joint Singles Scheme, singles can purchase either new or resale flats. If you're applying with co-applicants, under the Joint Singles Scheme, you can get up to $80,000 worth of grants. As of 11 September 2019, home buyers will get the Enhanced Housing Grant (EHG), which replace the AHG and the SHG. Joint Singles Scheme; 4. On the other hand, you may receive up to $110,000 in Additional CPF Housing Grant (Singles) and Special CPF Housing Grant (Singles) if you're opting for a resale flat under the Joint Singles Scheme or Single Singapore Citizen Scheme. Under the Singles Singapore Citizen & Joint Singles Scheme, singles can purchase either new or resale flats. Here are some things to consider: If you don’t apply for an HDB flat as soon as you turn 35, there’s a chance you might not be eligible for grants to buy an HDB flat because your income has exceeded the requirement. Section C : Particulars of Applicant * Name * Gender. The incomes of all working persons in the household (i.e. Conflicts between co-tenants under the Housing and Development Board’s (HDB’s) Joint Singles Scheme (JSS) is “a problem more than reported” with some co-tenants falling into depression as their well-being is affected by the arrangement, said Jalan Besar GRC MP Dr … All CPF housing grants will go into your CPF Ordinary Account, and can be used to offset the purchase price of the flat and reduce the mortgage loan. Read on in the next 2 sections about the exact grant amounts. With the Joint Singles Scheme, two to four single Singapore citizens (SC) can jointly purchase a new two-room Flexi flat in a non-mature estate or a resale HDB flat. Must be employed and for 12 continuous months before application.Â. applicants and occupiers) are included in the assessment. Joint Singles Scheme: Singaporean singles who want to jointly buy an HDB resale flat together (have to be 35 years old or above if you're unmarried/divorced, or 21 years or above if you're widowed or an orphan) Non-Citizen Spouse Scheme: If you're buying a resale flat with your spouse who is either on a Long Term Visit Pass or Work Pass. Of the 50,000 rental flats available in Singapore, 12,000 are occupied by tenants under the Joint Singles Scheme (JSS), the Ministry of National Development (MND) said in a written answer to a query in Parliament yesterday. You must apply jointly as co-applicants. Singles are get between $5,000 and $80,000 and the income ceiling has been increased to $4,500. The proposed owners, both remaining and incoming, must be able to take ownership of the flat under one of the existing eligibility schemes, such as the Public Scheme, or the Joint Singles Scheme; The proposed owners must not be an existing owner or be listed as the essential occupier of another HDB flat. If you are single, you may apply with another single person under the Joint Singles Scheme. You must be a Singapore Citizen and at least 21 years old at the time of application ; A single orphan applicant and all his unmarried siblings are to be listed in the same application ; At least one of your deceased parents was Singapore Citizen (SC) or Singapore Permanent Resident (SPR) (4) Joint Singles Scheme If you earn more than $7,000 a month, you’re not eligible for a new flat. Note: The AHG and SHG was replaced by the EHG starting Sept 11, 2019. If you are unmarried or divorced, you must be at least 35 years old. Nevertheless, he has been working since April 2019, drawing an average gross monthly income of $2,000. It’s almost like any other day, except today is different. Under the Joint Singles Scheme, you can basically combine your Singles Grants to jointly buy a resale HDB flat with someone else. The income ceiling has been raised to $4,500 and depending on your average monthly household income over 12 months, you are entitled to an EHG grant of between $5,000 and $80,000. 5 Things to Know Before You Commit. Family Nucleus Public:- You, the applicant and; - Your spouse, and children (if any) - Your parents, and siblings (if any) - Your children under your legal … However, there is a maximum income limit if you want to qualify for a CPF Housing Grant or HDB Loan. full-time studies) for less than 6 months out of the 12 months in review, we will consider you as employed and take your last drawn full-time pay to assess your eligibility for the housing grant(s). However, for BTO (new flats), singles can only buy 2-room Flexi units at non-mature estates. And as a single, you need to wait till you’re 35 before you become eligible – that is, unless you’re widowed or orphaned. Joint Singles Scheme 2 to 4 singles can jointly buy an HDB resale flat. Mr I worked in September 2018 to March 2019 with an average gross monthly income of $1,800. The majority of the residential housing developments in Singapore are publicly governed and developed, and home to approximately 78.7% of the resident population. Joint Singles Scheme Public Scheme (if parents are included in the resale application as co-applicants or occupants) Depending on your living arrangements, there will be 2 different grant amounts that you may be eligible to receive under this category: Do you think it’s worth it to get an HDB flat as a 35-year-old single Singaporean? The Housing & Development Board (HDB) is Singapore's public housing authority and a statutory board under the Ministry of National Development. If you’re buying an HDB Resale flat (no restrictions on flat type) with one or three other Singapore Citizen singles. Under the new ruling, the age limit for women was lowered from 40 to 35, and for men, it was reduced … You must be a Singapore Citizen; At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident; All singles must be Singapore Citizens if applying under the Joint Singles Scheme; Age. To qualify for the Additional CPF Housing Grant, your monthly income should be less or equal to $2,500. © 2009-2020 MoneySmart. If you have been invited to select a flat, you may check out the flats available for selection. The only other eligibility requirement is the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota (used to encourage and maintain social cohesiveness). The special CPF housing grant is similar to AHG, but has a higher income ceiling ($4,250 instead of $2,500) and is for BTO purchases only. A new 2-room Flexi flat in a non-mature estate under the Joint Singles Scheme A flat (regardless of flat type) under the Orphans Scheme # Buyers of 2-room Flexi flats on short lease (15 to 45 years) are eligible for the AHG and SHG (if the flat is in a non-mature estate). The additional CPF housing grant (AHG) goes up to $20,000, and is applicable across the board, resale or BTO. The income ceiling is pretty tight though – you must make no more than $2,500 per month. If you are employed full-time but on no-pay leave (e.g. Single Singapore Citizen Scheme; Under the Single Singapore Citizen Scheme, applicants, who are at least 35 years-old, need to be a first-timer and single (unmarried, divorced or widowed) to be eligible for a new 2-room flat in non-mature estates. 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